Virus-hit Rolls-Royce boosts finances with £5.0bn plan
British aerospace giant Rolls-Royce, facing plunging demand as the coronavirus pandemic sparks an air transport crisis, launched plans Thursday to shore up its finances by up to £5.0 billion ($6.4 billion, 5.5 billion euros).
8 hours ago
Business
E-commerce startup ShipBob gets $68 million to fund expansion
ShipBob, a Chicago-based e-commerce logistics company, raised $68 million to fund an expansion amid a pandemic-fueled boom in online shopping.
22 hours ago
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Business
Secretive, never profitable Palantir makes market debut
Seventeen years after it was born with the help of CIA seed money, the data-mining outfit Palantir Technologies is finally going public in the biggest Wall Street tech offering since last year's debut of Slack and Uber.
Sep 30, 2020
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Business
Walmart looks to airports as inspiration of new store layout
Walmart is getting inspiration from the airport terminal as it revamps the layout and signage of its stores to speed up shopping and better cater to smartphone-armed customers.
Sep 30, 2020
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Business
US Treasury says loan deal reached with seven airlines amid crisis
The US Treasury on Tuesday announced it had reached a deal with seven major US airlines including American and United to offer them loans in a bid to stave off job cuts amid the coronavirus crisis.
Sep 30, 2020
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Business
Oil giant Shell axes thousands of jobs on virus fallout
Royal Dutch Shell will axe up to 9,000 jobs or more than 10 percent of its global workforce, the energy giant said Wednesday as the coronavirus pandemic slams oil demand and prices.
Sep 30, 2020
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Business
Germany puts first auto boss on trial over 'dieselgate'
Former Audi CEO Rupert Stadler on Wednesday became the first auto boss to go on trial in Germany over the "dieselgate" emissions scandal, five years after parent company Volkswagen admitted to the scam.
Sep 30, 2020
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Business
Amazon defends warehouse safety following report on injuries
Amazon on Tuesday defended its warehouse safety record after a news investigation pointed to a higher-than-average injury rate in the company's massive logistics operations.
Sep 30, 2020
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Internet
Google clamps down on apps dodging Play Store 30% cut
Google said Monday it plans to start enforcing a rule requiring Android apps in its Play store to use its payment system, which takes a 30 percent cut of transactions.
Sep 29, 2020
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Business
Amazon sees broad audience for its palm recognition tech
Amazon has introduced new palm recognition technology in a pair of Seattle stores and sees a broader potential audience in stadiums, offices and other gated or secured locations.
Sep 29, 2020
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Internet
Microsoft 365 including Outlook email, Word, Excel and Teams hit with massive outage
You're not the only one experiencing issues with Microsoft Office.
Sep 29, 2020
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